Malawi Parliament Approves 2025/2026 Budget Includes Tax Rate Reduction for Permanent Establishments

Malawi's Parliament passed the 2025/2026 Budget on 26 March 2025, including several tax measures. The main tax measures of the budget reportedly include a reduction in the corporate tax rate on income of non-residents attributed to a permanent establishment in Malawi from 35% to 30%. Other measures include a VAT exemption on bread, buns, and confectioneries to support local bakeries, as well as several import duty and excise duty changes. The measures generally apply from 1 April 2025. Additi…